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FinanceTerm Sheet

Deals of the day: Hipmunk raises $20 million

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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May 30, 2014, 1:45 PM ET
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Venture Capital Deals

ARMO BioSciences Inc., a Redwood City, Calif.-based developer of immunotherapies for cancer and other diseases, has raised $30 million in Series B funding. NanoDimension led the round, and was joined by return backers Kleiner Perkins Caufield & Byers, OrbiMed and DAG Ventures.www.armobio.com

Hipmunk, a San Francisco-based travel planning and booking site, has raised $20 million in Series C funding. Oak Investment Partners led the round, and was joined by return backers like Institutional Venture Partners and Ignition Partners. www.hipmunk.com

Lucid Software
, a Salt Lake City-based developer of a cloud-based diagramming app, has raised $5 million in Series A funding from such backers as Kickstart Seed Fund and Grayhawk Capital.www.golucid.com

Markwater Handling Systems, a Canadian drilling fluids management company, has raised C$4.5 million in new VC funding from EnerTech Capital. The company now has raised more than C$27 million in total funding, including past investments from 32 Degrees and Export Development Corp.www.enertechcapital.com

Addiction Campuses of America, a Nashville, Tenn.-based operator of behavioral healthcare campuses, has raised $3.8 million in Series A funding. Fulcrum Equity Partners led the round, and was joined by Harpeth Ventures. In related news, the company also has acquired two companies:Turning Point Recovery (North Mississippi and Memphis) and Spring2Life (Murfreesboro, Tenn.).www.addictioncampus.com

XLV Diagnostics Inc
., an Ontario-based developer of digital mammography machines, has raised $3 million in Series A funding from the Bernard M. Gordon Charitable Remainder Unitrust.www.xlvdiagnostics.com

Qeexo
, a San Jose, Calif.-based developer of touch technologies, has raised $2.3 million in Series A funding led by Sierra Ventures. www.qeexo.com

Observable Networks, a St. Louis-based provider of network security technology and threat detection services, has raised $2.45 million in Series A1 funding from a fund managed by Stifel, Nicolaus & Co. DH Capital served as placement agent. www.observable.net

Private Equity Deals

APG Asset Management, a Dutch pension fund, has agreed to invest up to $650 million for a 20% stake in e-Shang, a Chinese warehouse operator backed by Warburg Pincus. www.e-shang.com.cn

Ardian has agreed to acquire a 72% stake in RGI Group, an Italian provider of software and tech services to the insurance industry, from 21 Investimenti. No financial terms were disclosed.www.ardian-investment.com

Bain Capital
has acquired Retail Zoo, an Australian operator of fruit juice bars and other food service brands, from The Riverside Company. No financial terms were disclosed. www.boostjuice.com.au

Consonance Capital Partners has acquired KEPRO, a Harrisburg, Penn.–based provider of medical management and cost containment solutions, from The Pennsylvania Medical Society. No financial terms were disclosed. www.kepro.com

GlaxoSmithKline (LSE: GSK) has “invited private equity firms to consider making offers for a range of its older drugs sold in Western markets,” according to Reuters. Lazard is managing the process, and reportedly has contacted such firms as Advent International, The Blackstone Group and KKR.www.gsk.com

Golden Gate Capital has acquired Canada Fluorspar Inc., a Canadian developer of fluorspar deposits (a mineral resource used in steelmaking). No financial terms were disclosed.www.canadafluorspar.com

IPOs

Spark Energy Inc., a Houston, Texas-based natural gas and electricity retailer, has filed for a $92 million IPO. It plans to trade on the Nasdaq under ticker symbol SPKE, with Baird and Stifel serving as lead underwriters. The company reports $31 million in net income on $317 million in 2013 revenue, compared to $26 million in net income on $379 million in 2012 revenue. www.sparkenergy.com

M&A

Citigroup said that it plans to either sell or spin off its OneMain Financial consumer lending group by year-end. www.citigroup.com

KPMG LLP has entered into an agreement by which most of the principals and employees ofRothstein Kass will join KPMG. www.kpmg.com

Morningstar Inc. (Nasdaq: MORN) has agreed to acquire HelloWallet, a Washington, D.C.-based personal finance website, at a $52.5 million enterprise value. Morningstar will actually pay $39 million, based on its existing minority stake in the company. Sellers include TD Fund, Grotech Ventures andJean and Steve Case. www.hellowallet.com

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